Over 214 companies created in Tetouan in the first half of 2014

Tetouan has recently managed to attract more investments and become one of the venues for the realization of investment projects in various sectors.

Over 214 companies created in Tetouan in the first half of 2014

According to the latest official statistics, the city continues to take precedence over other economic centers known in the creation of more than 214 companies from January to June 2014. The attractiveness of Tetouan with investors is due to the establishment of multiple facilities and basic infrastructure in the region over the last decade, and under the royal directives.

The latest data from the Delegation of Trade and Industry show that Tetouan just recorded 637 certificates granted for business creation during the first half of 2014, an increase of 11% over the previous year. This shows that the city is coming off a good time in entrepreneurship. Moreover, the sectoral distribution reported hospitality and restoration in Tetouan have become more attractive to investors in recent years.

In addition to its cultural and historical heritage, the city benefits to its proximity to coastal and tourist cities such M’Diq and Martil and several holiday towns to enhance its attractiveness. For this purpose, the tertiary sector has attracted 36% of all companies created in the city specifically from January to June 2014. The construction sector has posted the share of 27%, during the same period. Due to its many advantages, Tetouan is committed to achieving its attractiveness to women entrepreneurs for they have 11% share in all businesses created in the city. This represents an increase of 2.7% compared to the same period last year.

Despite its geographical and cultural proximity to Europe, the city officials are called to strengthen their operations to enforce the many advantages of the city to investors and foreign businessmen. Especially since only 3% of companies were created by investors during the first half of the year.